Cigna (CI) has filed a lawsuit against CVS (CVS) and chief product officer Amy Bricker for the alleged violation of her noncompete agreement, Bloomberg Law reports. Cigna said in the complaint filed Thursday in the U.S. District Court for the Eastern District of Missouri that Bricker’s new role would "inevitably require her to use and disclose Cigna’s confidential and trade secret business information," and is seeking a preliminary injunction to prevent Bricker from starting her new position, which is slated to begin in February. Reference Link
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CI:
- Early notable gainers among liquid option names on January 13th
- California AG files suit against drugmakers, PBMs over insulin prices
- Wells Fargo downgrades Cigna to Equal Weight, lowers price target to $355
- Cigna downgraded to Equal Weight from Overweight at Wells Fargo
- Walmart to pay $500,000 over workers’ compensation prescription procedures